Latest News Archive

Please select Category, Year, and then Month to display items

UFS Business School helps young people become entrepreneurs

12 December 2022 | Story Kekeletso Takang | Photo Supplied

web read more — Through the New Venture Creation Programme, the UFS Business School aims to equip unemployed youth with the skills needed to identify and assess entrepreneurial opportunities, design a basic business model, and write a business plan.

The University of the Free State Business School (UFSBS) recently hosted a New Venture Creation programme aimed at mitigating unemployment among the youth. Through this programme, the UFSBS aims to equip unemployed youth with the skills needed to identify and assess entrepreneurial opportunities, design a basic business model, and write a business plan.

The unemployment rate in South Africa was 33,9% in the second quarter of 2022, with youth remaining particularly vulnerable in the labour market. The New Venture Creation programme, funded by the Education, Training and Development Practices Sector Education and Training Authority (ETDPSETA), provides the opportunity for 100 unemployed youth in the Northern Cape and 100 unemployed youth in the North West to be part of the programme.

In addition to the UFSBS, the ETDPSETA has also partnered with the Office of the Premier in the Northern Cape, the Sol Plaatje Municipality, and the Department of Social Development. These partners assisted with the identification and recruitment of participants in order to ensure the right people were included in the programme.

“For me, the programme was informative and practical,” said Paseka Tlali, one of the top achievers taking part in the New Venture Creation programme. “It allowed me to learn about developing a business plan. Since completion, I have registered a business focusing on media consultancy. Through my business I can educate others on the importance of developing a personal brand.”

David Gool, another participant from the Northern Cape, said, “I have now become a social media ambassador working with Herbalife as their brand ambassador, thanks to the programme.”

Participants were taken on a practical journey to identify an idea and turn it into a profitable small business. Not only were they taught about new venture creation, but they were also taken on a journey to understand themselves better. The four-month programme saw participants go from attending classes to presenting their business plans to a panel that was also referred to as “The Circle of Elders”. This panel consisted of the ETDPSETA, the UFSBS, the National Youth Development Agency (NYDA) and the Small Enterprise Development Agency (SEDA). They provided each participant with practical feedback and guidance on how to make their planned venture a reality.

The New Venture Creation programme includes the following study units: Entrepreneurship Journey, Marketing Plan, Operations Plan, Business Model, and Business Plan Framework, among others.

Graduation ceremonies were held at the completion of the programme in De Aar and Kimberley, sponsored by Standard Bank.

Read up on more programmes offered by the UFS Business School here

News Archive

Kovsies goes green

2012-08-22

The university will soon be hosting its first Green Festival that will focus on protecting and sustaining natural resources for current and future generations.

The aim of this festival is to demonstrate to students, learners and the broader community that any act, no matter how small, makes a difference and that each individual must play his or her role in creating a sustainable environment and caring for the earth.

Busi Madikizela, SRC member: Student Development and Environmental Affairs, said, “We have a moral obligation to do this as it not only teaches our students about sustainable living, but also sets an example for the communities that the university forms part of and serves.”

The festival takes place on Saturday, 8 September 2012 and will be filled with fun and games.

The university has invited Grade 9 to 11 learners from 41 schools around Bloemfontein to participate in cleaning up the city. The learners and Kovsie students will clean the streets around the Bloemfontein campus. The clean-up teams will meet on the campus in the vicinity of Mooimeisiesfontein, whereafter the rubbish collected will be sorted and taken to the Rat Race recycling company.

Other activities for the day include a Green Quiz that will help educate learners and students about green issues. Coca Cola will sponsor the prizes for the festival, as well as the food and drinks for all the learners invited to the festival. The learners will visits 20 stalls and exhibitions of sustainable green materials and organic food on the Red Square. Documentary movies with green themes on environmental issues will be screened.

Prof. Jonathan Jansen, Vice-Chancellor and Rector of the university, has urged everyone to participate in the Green Festival.

For more information contact Busi at 072 485 6796 or 051 401 9101.

Back

Economic and Management Sciences

Education

Health Sciences

The Humanities

Law

Natural and Agricultural Sciences

Theology and Religion

Open Distance Learning

Business School

We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept